S&P Daily Pre-Market Prep 4/22/17
We popped up out of this weeks range but we are still in the greater range, so today we look for signs that we can carry on up to the top of the range 2400 or fail and roll over downside.
We popped up out of this weeks range but we are still in the greater range, so today we look for signs that we can carry on up to the top of the range 2400 or fail and roll over downside.
Plenty of volume but not much direction yesterday. Still at the bottom of the range and still thinking it's more likely we'll have a good move on a break to the downside. A few big companies...
Market has hit the low of our range a few times and not managed to make it to the other side. It's still rangebound but I think a lot of people will see this as bearish, so I'm thinking it won't take...
Yesterday felt like a big day but in the end range was less than 20 points for the day session. We are still in the medium term range (white box) and we ended up where we started.
Volume getting lower by the day - still neutral and still in the middle of a range.
Markets still quite narrow, even with the Syria thing going on. We are potentially in a period of increased news risk so an eye on the market depth and be wary if it is low.We potentially have a range
Volume was really low yesterday, we did close higher but I don't see that really as confirming the long bias I had, we mostly moved sideways.
Another 'hard to call' day in my opinion. On the one hand, it does look like we are struggling to make headway into the upper range (top white shaded area). I just need a bit more move up to be...
A few scenarios I'm considering medium term. In other words - waiting for a range to form, so we can trade it.
We have a new blog but it's the same old us, just with a better logo and more resources for you.
